Banking and Finance

The digital euro will be designed to ensure it protects European card schemes and keep banks at the core of the euro zone payments system, a senior European Central Bank ...

The Bank of Cyprus (BoC) has released an updated financial calendar for 2026, including the dates related to its proposed dividend distribution. According to the announcement, the revised financial calendar for 2026 ...

The Bank of Cyprus (BoC) on Wednesday released its financial results for 2025, reporting a profit after tax of €481 million and increased lending activity. Specifically, the bank achieved record new lending ...

The Central Bank of Cyprus (CBC) on Wednesday released the investment funds statistics for December 2025, showing a marginal rise in total assets despite a slight decline in the number of ...

The Central Bank of Cyprus (CBC) on Wednesday announced that the country’s banking sector non-performing loans ratio fell below the European Union average for the first time since 2014, according ...

The European Central Bank and the European Systemic Risk Board have published a joint report warning that growing links between banks and the non-bank financial intermediation sector create vulnerabilities that ...

The Central Bank of Cyprus (CBC) has published its latest balance sheet, showing total assets of €29.545 billion, unchanged from total liabilities, reflecting the institution’s position within the Eurosystem at ...

Fraudulent payment transactions in Cyprus surged by 30 per cent in volume and 66 per cent in value in the first half of 2025, although they remain below euro area averages in relative ...

Eurobank S.A. has announced that it repurchased a total of 1,788,139 issued shares between February 09, 2026 and February 13, 2026 as part of its ongoing strategic buyback efforts. The bank carried out these ...

Societe Generale Bank Cyprus Ltd (SGBCy) has received two awards from major US financial institutions for two consecutive years, in recognition of high-quality performance in payments. More specifically, in 2024 J....

The European Banking Authority (EBA) recently launched its Pillar 3 data hub, creating a single, harmonised digital platform that makes prudential information from all EEA institutions publicly accessible for the first ...

The European Banking Authority (EBA) has initiated a public consultation regarding draft amendments to its guidelines on systemic risk buffers specifically designed to mitigate climate change risks. The revised framework ...

The Employers and Industrialists Federation (Oev) has issued a warning against renewed efforts to impose additional extraordinary taxes on bank profits, arguing that such measures would harm the economy and ...

The Cyprus Chamber of Commerce and Industry (Keve) on Thursday released a statement outlining its position against the proposed imposition of additional taxation on banks, arguing that such a measure ...

Eurobank took part in the Money Conference 2026 as a platinum sponsor this week, contributing to discussions on global economic developments and the evolving landscape of alternative investments. Held under the ...

The Central Bank of Cyprus (CBC) has reported an increased degree of convergence between the average interest rates of Cyprus credit institutions and those of the eurozone for both deposits ...

The forex market requires strong emphasis on investor protection, proper information and cultivation of financial literacy, Finance Minister Makis Keravnos said on Wednesday. At the same time, Cyprus Securities and ...

Cyprus’ banking sector recovery after the 2013 crisis reflects “the coherent and consistent functioning of two essential pillars, banks’ commitment to act and supervisors’ firm oversight,” said George Ioannou, member of ...

Finance Minister Makis Keravnos expressed his satisfaction with the work performed by the financial commissioner’s office during a scheduled visit on Wednesday. Makis Keravnos said that he received a ...

The number of bounced cheques recorded in Cyprus in January 2026 stood at 17, with a total value of €47,091, according to figures released on Wednesday by the Central Bank of Cyprus (CBC). ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Tuesday argued that productivity must be placed at the heart of every reform as Cyprus and Europe confront slowing growth and ...

Eurobank on Monday announced that it repurchased 1,761,170 of its own shares on the Athens Stock Exchange (ATHEX) during the period from February 2, 2026 to February 6, 2026, as part of its approved share ...

Berlin-based credit rating agency Scope on Saturday announced that it had upgraded Cyprus’ long-term credit rating from ‘A-’ to ‘A’. In justifying its decision, it cited a “significant reduction” of ...

Cyprus stepped into the European discussion on the digital euro on Friday, as policymakers, bankers and institutions gathered in Nicosia for the first event held on the island with the ...